Open the door to enter the bank. . .

First National Bank

Current condition of property:

Built by First National Bank as their headquarters building, this structure has been immaculately cared for since first opening. The interior has marble detailing with elaborate bronzed teller areas. The beautiful safe door is visible from its lobby.
The bank has no intention of selling it, and would only consider it if they decided to establish a new main office elsewhere. However, the bank's Board has been concerned for many years about the condition of the adjacent property, the Rivertown Hotel, and the nearby Discount Shoes building, and considers them blots on its image.

Market value of this property as is: $560,000
Size of each floor: 60x90 ft.
Current income of the ground floor (no lease)
Current income of the upper floors (no lease)

Project potential:

If the building had a full rehab:
Cost to rehab ground floor ($100/sq.ft.)
Cost to rehab upper floors ($100/sq.ft.)
Potential income of the ground floor ($25/sq.ft./year)
Potential income of the upper floor ($22/sq.ft./year)

A financial analysis may be completed for this building using a pro-forma app.
Simply fill in boxes to determine its "Return on Investment" potential.